US banks with more than $50 billion in assets will be required to report trading metrics to regulators from July 1, but confusion remains around Volcker's hedging and market-making exemptions
US regulators give green light to grey area structure
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Volcker rule articles
A bad-tempered congressional committee hearing sees US regulators quizzed over Volcker rule costs
From its treatment of portfolio hedges to correlation tests and inventory limits, the Volcker rule lacks detail on key elements, lawyers say. That is an attempt to give the industry – and supervisors – some flexibility, but it could make compliance...
Banks turn to lawyers for advice as CVA functions face tougher conditions than other trading desks
End-users will hedge more with firms such as BP, Shell and Vitol as banks face ban on prop trading, say market participants
Two years on from its first draft, the Volcker rule is close to being finalised, but some regulators are still trying to close what they see as loopholes – and dealers see as vital freedoms
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.